Son and Mother, Borrower and Co-Borrower, were seeking a Business Purpose Cash-Out to make improvements to the Non-Owner Occupied long time inherited family property and to pay delinquent property taxes.
Free and Clear subject property is a 1 story, single family residence located in Compton. The Property is a 3 bdrm/1 bath home that is approximately 1,223 sf. Property is centrally located between the 110, 710, 105 and 405 fwys. Nearby schools include Davis Middle School, Tibby Elementary School and Washington Elementary School. In addition, the Property is located near local shopping and restaurants.
Recent Transaction – $110,000 Business Purpose, Compton, CA
